Ternium announces investment of US$1.38 billion in Nuevo Leon

Ternium will expand its plant in Pesqueria, Nuevo Leon, through an investment of around US$1.38 billion. Said expansion seeks to target the imported steel market in Mexico, said Maximo Vedoya, executive vice president of the company.

During the presentation of Ternium Investor Day held at the facilities of the New York Stock Exchange, Vedoya stressed that the new production line will have an annual capacity of 4.1 million tons of hot rolled sheet.

With the expansion, products of higher added value will be able to be offered to the automotive, energy and machinery industries. As well as household appliances factories and construction companies.

The annual galvanized steel production capacity will be of 350,000 tons and will begin production in May 2019, while the painted steels production capacity will be of 120,000 tons and is expected to start in March 2019.

Arizona Governor Doug Ducey presented a 2020 budget proposal of US$700,000, which would improve refrigerated capacity at international customs between Sonora and Arizona to increase international trade.

In social networks, the president of Arizona said that "Arizona is open to business, and we have investment proposals to bring more trade through the Mariposa checkpoint in Nogales.

The Governor's Office said that the expenses would attract new imports to the international port, and the Fresh Produce Association of the Americas (FPAA) based in Nogales.

The group of investors said in a statement that the investment would help the state to add jobs and increase its tax base.

CIUDAD OBREGÓN – 55 investment projects are being negotiated by authorities of Secretaría de Desarrollo Económico of the State of Sonora for this 2019, although it is unknown how many of these plans are projected for the south of the State.

Leonardo Ciscomani Freaner, undersecretary of Desarrollo Económico of the State, estimated that at least between 12 and 15 of the projects will be completed, although it is unknown for which area of the entity it will be.

"We are working very hard to achieve the investment, which correspond to areas such as space, electronics and mining, these are strategic areas of the State of Sonora," he added.

The advantages that the 55 prospects see in the state are: proximity to the United States and the presence of the port of Guaymas, which would facilitate the exit of various products by sea, and that despite the statistics Sonora continues to be a safe state for investment.

In the last quarter of 2018 there were reported more than 296,000 people working in the tourism sector of Baja California Sur.

The minister of Secretaría de Turismo, Economía y Sustentabilidad (Setues), Luis Humberto Araiza Lopez, pointed out that 74.5% of the existing workforce in the South Californian territory corresponds to tourism.

The sum of efforts , allows increasing the arrival of visitors to all destinations in Baja California Sur and generate a greater economic flow, added Minister Araiza.

"We are a state with a tourist vocation and the professional development we have sustained in this industry has allowed us to position ourselves as a national benchmark in terms of economic growth," said Araiza Lopez at the conclusion.